are the joint controllers within the meaning of the EU General Data Protection Regulation, other national data protection laws enacted by the EU Member States and other data protection rules.

II. NAME AND ADDRESS OF THE DATA PROTECTION OFFICER

The data protection officer of the data controller is:

DataCo GmbHStephanie EmrichDachauer Straße 6580335 MünchenGermany

Phone +49 89 740045840datenschutz@dataguard.dewww.dataguard.de

III. GENERAL INFORMATION DATA PROCESSING

1. Scope of personal data processing

We will generally only process the personal data of our users where this is required to provide a functional website as well as our content and services. As a rule, the personal data of our users are only processed based on their prior consent. An exception applies in such cases where for factual reasons, consent cannot be obtained in advance and the law allows the processing of data.

2. Legal basis for the processing of personal data

Article 6 para. 1 sent. 1 lit. a of the EU General Data Protection Regulation (GDPR) serves as the legal basis in cases where we obtain the consent of the data subject for the processing of its personal data.

Where the processing of data is necessary for the performance of a contract to which the data subject is party, this is based on Article 6 para. 1 sent. 1 lit. b GDPR. The same applies for data processing operations required for the imple­mentation of measures in advance of a contract.

Article 6 para. 1 sent. 1 lit. c GDPR serves as the legal basis in cases where our company requires the processing of personal data for compliance with its legal obligations.

Article 6 para. 1 sent. 1 lit. d GDPR applies where the processing of personal data is necessary in order to protect the vital interests of the data subject or of another natural person.

If the data processing is required to protect a legitimate interest of our company or a third party, and if such legitimate interest overrides the interests, fundamental rights and freedoms of the data subject, then Art. 6 para. 1 sent. 1 lit. f GDPR is the applicable legal basis for such processing.

3. Data storage period and data erasure

The personal data of the data subject are erased as soon as the purpose for which the data is stored no longer applies. Data may be stored beyond this period if such longer storage is regulated by European or national legislation in EU regulations, laws or other provisions applicable to the data controller. Data are also blocked or erased once the storage period required by the above-mentioned provisions expires, unless further storage of the data is required for the purpose of the conclusion or performance of a contract.

IV. RIGHTS OF THE DATA SUBJECT

If your personal data are processed, you are considered a data subject within the meaning of the GDPR and you have the following rights vis-à-vis the data controller:

1. Right of access

You have the right to obtain from the controller confirmation as to whether or not personal data concerning you are being processed. Where this is the case, you can demand access to the personal data and the following information from the controller:

1. The purposes for which the personal data are processed;

2. the categories of personal data concerned;

3. the recipients or categories of recipients to whom personal data concerning you have been or will be disclosed;

4. the envisaged period for which personal data concerning you will be stored, or, if specific information cannot be provided on that matter, the criteria used to determine the storage period;

5. the existence of the right to request from the controller rectification or erasure of personal data or restriction of processing of personal data concerning you or the right to object to such processing;

6. the right to lodge a complaint with a supervisory authority;

7. where the personal data are not collected from the data subject, any available information as to their source;

8. the existence of automated decision-making, including profiling, referred to in Article 22 para. 1 and 4 GDPR and, at least in those cases, meaningful information about the logic involved, as well as the significance and the envisaged consequences of such processing for the data subject.

You have the right to demand information on whether personal data concerning you are transferred to a third country or to an international organisation. In this context, you can request to be informed of the appropriate safeguards pursuant to Article 46 GDPR relating to the transfer.

2. Right to rectification

You have the right, vis-à-vis the controller, to have your processed personal data rectified and/or completed insofar as they are inaccurate or incomplete. The controller shall carry out such rectification without undue delay.

3. Right to restriction of processing

You have the right to restrict the processing of your personal data, where the following conditions apply:

If you contest the accuracy of personal data concerning you for a period, enabling the controller to verify the accuracy of the personal data;

if the processing is unlawful and you oppose the erasure of the personal data and request the restriction of their use instead;

if the controller no longer needs the personal data for the purposes of the processing, but they are required by you for the establishment, exercise or defence of legal claims;

if you have objected to processing pursuant to Article 21 para. 1 GDPR, pending the verification whether the legitimate grounds of the controller override your legitimate grounds.

Where processing of personal data concerning you has been restricted, such personal data shall, with the exception of storage, only be processed with your consent or for the establishment, exercise or defence of legal claims or for the protection of the rights of another natural or legal person or for reasons of important public interest of the Union or of a Member State.

If processing was restricted pursuant to the above conditions, you shall be informed by the controller before the restriction of processing is lifted.

4. Right to erasure

a) Erasure obligation

You have the right to obtain from the controller the erasure of personal data concerning you without undue delay and the controller shall have the obligation to erase such data without undue delay where one of the following grounds applies:

1. The personal data concerning you are no longer necessary in relation to the purposes for which they were collected or otherwise processed.

2. You withdraw your consent on which the processing is based according to Article 6 para. 1 sent. 1 lit. a, or Article 9 para. 2 lit. a GDPR, and there is no other legal ground for the processing.

3. You object to the processing pursuant to Article 21 para. 1 GDPR and there are no overriding legitimate grounds for the processing, or you object to the processing pursuant to Article 21 para. 2 GDPR.

4. The personal data concerning you have been unlawfully processed.

5. The personal data concerning you have to be erased for compliance with a legal obligation in Union or Member State law to which the controller is subject.

6. The personal data concerning you have been collected in relation to the offer of information society services referred to in Article 8 para. 1 GDPR.

b) Information to third parties

Where the controller has made the personal data concerning you public and is obliged pursuant to Article 17 para. 1 GDPR to erase the personal data, the controller, taking account of available technology and the cost of implementation, shall take reasonable steps, including technical measures, to inform controllers, which are processing the personal data that you as the data subject have requested the erasure by such controllers of any links to, or copy or replication of, those personal data.

c) Exceptions

There should be no right to erasure, if the processing is required

1. for exercising the right of freedom of expression and information;

2. for compliance with a legal obligation which requires processing by Union or Member State law to which the controller is subject; or for the performance of a task carried out in the public interest or in the exercise of official authority vested in the controller;

3. for reasons of public interest in the area of public health in accordance with Article 9 para. 2 lit. h and i as well as Article 9 para. 3 GDPR;

4. for archiving purposes in the public interest, scientific or historical research purposes or statistical purposes in accordance with Article 89 para. 1 GDPR, in so far as the right referred to in section a) is likely to render impossible or seriously impair the achievement of the objectives of that processing; or

5. for the establishment, exercise or defence of legal claims.

5. Right to be informed

If you have exercised your right to rectification, erasure or restriction of processing towards the controller, the controller shall be obligated to notify all recipients to whom personal data concerning you have been disclosed, of the rectification or erasure of the data or the restriction of processing, unless this proves impossible or would involve disproportionate effort.

You are entitled to require the controller to inform you about these recipients.

6. Right to data portability

You have the right to receive personal data concerning you, which you have provided to the controller, in a structured, commonly-used and machine-readable format. You are also entitled to transmit those data to another controller without hindrance from the controller to which the personal data have been provided, where

1. the processing is based on consent pursuant to Article 6 para. 1 sent. 1 lit. a GDPR or Article 9 para. 2 lit. a GDPR or on a contract pursuant to Article 6 para. 1 sent. 1 lit. b GDPR and

2. the processing is carried out by automated means.

In exercising your right to data portability, you have the right to have the personal data concerning you transmitted directly from one controller to another, where technically feasible. This must not give rise to any infringement of the rights and freedoms of other persons.

The right to data portability shall not apply to processing of personal data necessary for the performance of a task carried out in the public interest or in the exercise of official authority vested in the controller.

7. Right to object

You have the right to object at any time, on grounds relating to your particular situation, to processing of personal data concerning you which is based on Article 6 para. 1 sent. 1 lit. e or f GDPR, including profiling based on those provisions.

The controller shall no longer process the personal data concerning you unless the controller demonstrates compelling legitimate grounds for the processing which override your interests, rights and freedoms, or if the processing serves the establishment, exercise or defence of legal claims.

Where personal data concerning you are processed for direct marketing purposes, you shall have the right to object at any time to processing of personal data concerning you for such marketing purposes; this includes profiling to the extent that it is related to such direct marketing.

If you object to processing for direct marketing purposes, the personal data concerning you shall no longer be processed for such purposes.

In the context of the use of information society services, and notwithstanding Directive 2002/58/EC, you may exercise your right to object by automated means using technical specifications.

8. Right to withdraw consent under data privacy law

You may withdraw your consent under data privacy law at any time. The withdrawal of consent shall not affect the lawfulness of processing based on consent before its withdrawal.

9. Automated individual decision-making, including profiling

You have the right not to be subject to a decision based solely on automated processing, including profiling, which produces legal effects concerning you or affects you significantly in a similar way. This shall not apply if the decision

1. is necessary for entering into, or performance of, a contract between you and the data controller;

2. is authorised by Union or Member State law to which the controller is subject, and which also lays down suitable measures to safeguard your rights and freedoms and legitimate interests; or

3. is based on your explicit consent.

However, these decisions shall not be based on special categories of personal data referred to in Article 9 para. 1 GDPR, unless Article 9 para. 2 lit a. or g GDPR applies and suitable measures are in place to safeguard your rights and freedoms and legitimate interests.

With regard to the cases referred to in (1) and (3), the data controller shall implement suitable measures to safeguard your rights and freedoms and legitimate interests, at least the right to obtain human intervention on the part of the controller, to express your point of view and to contest the decision.

10. Right to lodge a complaint with a supervisory authority

Without prejudice to any other administrative or judicial remedy, you have the right to lodge a complaint with a supervisory authority, in particular in the Member State of your habitual residence, place of work or place of the alleged infringement, if you believe that the processing of personal data relating to you infringes the GDPR.

The supervisory authority with which the complaint has been lodged will inform the complainant on the progress and the outcome of the complaint, including the possibility of a judicial remedy pursuant to Article 78 GDPR.

V. PROVISION OF THE WEBSSITE AND CREATION OF LOG FILES

1. Description and scope of the data processing

Every time our Internet website is accessed, our system automatically collects data and information from the accessing computer system.

The following data are collected:

Information on the browser type/browser version

The operating system of the user

The IP address of the user

The date and time of the access

The data are also stored in the log files of our system. These data are not stored together with the other personal data of the user.

2. Legal basis for the processing of these data

The legal basis for the temporary storage of the data and the log files is Article 6 para. 1 sent. 1 lit. f GDPR.

3. Purpose of the data processing

The system has to store the IP address temporarily in order to transmit the website to the computer of the user. This requires storing the IP address of the user until the end of the session.

The log files are stored in order to ensure the correct functioning of the website. We also use these data to optimise our website and to ensure the security of our IT systems. The data are not evaluated for marketing purposes in this context.

The data are erased as soon as they are no longer required for the purpose of their collection. In the event that the data are collected to provide the website, the data are erased once the relevant session ends.

Data saved in log files are erased after a maximum period of seven days.

5. Objection and deletion

The collection of data for providing the website and the storage of data in log files is an unavoidable requirement for the operation of the website; the user is therefore not entitled to object to such data collection and storage.

VI. USE OF COOKIES

1. Description and scope of the data processing

This website uses cookies. Cookies are text files stored within the Internet browser/by the Internet browser on the user's computer system. When a user accesses a website, a cookie may be stored on the operating system of the user. The cookie contains a characteristic text string enabling the unique identification of the browser when the website is accessed again.

We use cookies to make our website more user-friendly. Some elements of our website require that the accessing browser remains identifiable after it goes to a different page.

The information provided by the user on his country and the profile of the user are stored and transferred in the cookies.

In addition, we use cookies on our website which enable an analysis of the user's browsing behaviour.

This way, the following data can be transmitted:

List of fund favorites

Piwik session ID

The user data collected in this fashion are pseudonymised through technical measures. As a consequence, the data will no longer be readily attributable to the accessing user. The data will not be stored together with the other personal data of the user.

Upon accessing our website, users are informed about the use of cookies for analytical purposes and referred to this data privacy statement. The user is also notified in this context that his browser can be configured to prevent the storage of cookies.

When accessing our website, the user is informed about the use of cookies for analytical purposes and asked to consent to the processing of the personal data used in this context.

The user is also referred to this data privacy statement in this context and notified that his browser can be configured to prevent the storage of cookies.

2. Legal basis for the processing of these data

The legal basis for the processing of personal data through the use of cookies is Article 6 para. 1 sent. 1 lit. f GDPR.

3. Purpose of the data processing

Where the use of cookies is required for technical reasons, the purpose is to simplify the users' use of the website. Some features of our website cannot be provided without the use of cookies. They require identifying the browser after the user navigates from one webpage to the other.

We require cookies for the following applications:

Session ID for users according to the selection on the disclaimer page

Login data

The user data collected by cookies required for technical reasons are not used to create user profiles.

The analytic cookies are used in order to improve the quality of our website and its contents. Through the analytic cookies, we learn how the website is used, which enables us to continuously improve our offerings.

Cookies are stored on the computer of the user and transferred to our website by the computer. You as the user therefore have full control over the use of cookies. By changing the settings of your Internet browser, you can deactivate or limit the transfer of cookies. You can delete existing cookies at any time, and cookies can also be deleted automatically. If cookies are deactivated for our website, it will not be possible to access the further content of the website.

VII. MAILING OF PRODUCT AND OTHER INFORMATION

1. Description and scope of the data processing

We offer the mailing of free product and other information. These can be subscribed to through our website or by contacting us directly. When subscribing through our website, the following data, entered by the user into an input form as he signs up, are transferred to us:

E-mail address

Salutation

Title

Last name

First name

Function/position

Company

Country

Language

Message

Phone/mobile number

User agent

Time until form submission

IP address of the accessing computer

Date and time of the registration

In the context of the registration process, your consent for the processing of the data is obtained and reference is made to this data privacy statement.

No data are disclosed to third parties in the context of data processing for the mailing of product and other information. The data are used exclusively for the mailing of product and other information.

2. Legal basis for the processing of these data

Where user consent has been obtained, the legal basis for the data processing after the user registers for mailing is Article 6 para. 1 sent. 1 lit. a GDPR. For existing contacts, this may also be based on a considera­tion of interests in accordance with Article 6 para. 1 sent. 1 lit. f GDPR.

3. Purpose of the data processing

The user data highlighted as mandatory are collected in order to mail product and other information to the user.

The collection of other personal data in the context of the registration process serves to manage the subscription and to prevent an abuse of the services.

4. Storage period

The data are erased as soon as they are no longer required for the purpose of their collection. The data of the users are therefore stored only for the time period in which the subscription is active.

The other personal data collected during the registration process solely for the purpose of abuse prevention are generally erased after a period of seven days.

5. Objection and deletion

The user may cancel the subscription at any time and each e-mail with product and other information contains a corresponding link for this purpose.

The user is also able to withdraw his consent at any time to the storage of the personal data collected during the reg­istration process.

VIII. REGISTRATION

1. Description and scope of the data processing

For special occasions such as invitations to events and web conferences, we offer users the option of registering on our website, which involves entering personal data. The data are entered into an input form, transferred to us and stored. The data are not passed on to third parties. In the context of the registration process, the following data are collected:

E-mail address

Salutation

Title

Last name

First name

Function/position

Company

Comment

Phone/mobile number

User agent

Time until form submission

IP address of the accessing computer

Date and time of the registration

In the context of the registration process, the consent of the user to the processing of this data is obtained.

2. Legal basis for the processing of these data

Where user consent has been obtained, the legal basis for the data processing is Article 6 para. 1 sent. 1 lit. a GDPR. For existing contacts, the processing may instead be based on Article 6 para. 1 sent. 1 lit. f GDPR.

Where the purpose of the registration is the performance of a contract to which the user is party, or in order to take measures in advance of a contract, the processing of data is additionally based on Article 6 para. 1 sent. 1 lit. b GDPR.

3. Purpose of the data processing

The user data highlighted as mandatory are collected in order to enable the users' participation in the event and to mail product and other information.

The collection of other personal data in the context of the registration process serves to manage the registration and to prevent an abuse of the invitations. If users are already stored in our contact database, data provided by the user during the registration process are stored and used to complete the contact database.

4. Storage period

The data are erased as soon as they are no longer required for the purpose of their collection.

For the data provided during the registration process, this is the case once the data are no longer required for the holding of the event and the mailing of product and other information. If the data are used to complete the contact database, the storage period is determined by the purpose for which we stored the previously stored data.

The other personal data collected during the registration process solely for the purpose of abuse prevention are generally erased after a period of seven days.

5. Objection and deletion

You as the user may cancel the registration at any time. You may have the data changed at any time that are stored concerning you. And you are able to withdraw your consent to the processing of the personal data at any time. Please send an informal request to your contact at Assenagon or to privacy@assenagon.com.

If the data are required for the performance of a contract or to carry out measures in advance of a contract, the early erasure of data will only be possible if it does not conflict with contractual or legal obligations.

IX. CONTACTFORM AND E-MAIL CONTACT

1. Description and scope of the data processing

Our website provides a contact form which can be used to contact us by electronic means. If the user uses this contact form, the data entered into the input form will be transferred to us and stored.

Upon submission of the message, the following data are also stored:

E-mail address

Salutation

Title

Last name

First name

Function/position

Company

Country

Phone/mobile number

Language

Inquiry/feedback

User agent

Time until form submission

IP address of the accessing computer

Date and time of the registration

In the context of the submission process, your consent for the processing of the data is obtained and reference is made to this data privacy statement.

The user can alternatively contact us via the provided e-mail address. In this case, the personal user data provided with the e-mail will be stored.

No data are disclosed to third parties in this context. The data are used exclusively for processing the conversation.

2. Legal basis for the processing of these data

Where user consent has been obtained, the legal basis for the data processing is Article 6 para. 1 sent. 1 lit. a GDPR.

The legal basis for the processing of data transferred by e-mail is Article 6 para. 1 sent. 1 lit. f GDPR. If the e-mail contact is also aimed at the conclusion of a contract, Article 6 para. 1 sent. 1 lit. b also serves as legal basis for the processing.

3. Purpose of the data processing

The purpose in processing the personal data from the input mask is to process the establishment of contact and to mail product and other information. Where contact is established via e-mail, this also serves as the required legitimate interest for the processing of the data.

The other personal data processed during the submission process serve to prevent the abuse of the contact form and to ensure the security of our IT systems.

4. Storage period

The data are erased as soon as they are no longer required for the purpose of their collection. For the personal data from the input mask of the contact form, this is the case once the data are no longer required for the processing of the establishment of contact and the mailing of product and other information. For the personal data sent by e-mail, this is the case once the relevant conversation with the user is ended. The conversation is ended once circumstances show that the relevant subject matter has been fully resolved.

The additional personal data collected during the submission process are erased after a period of seven days.

5. Objection and deletion

The user is able to withdraw his consent to the processing of the personal data at any time. If the user contacts us by e-mail, he can object to the storage of his personal data at any time; however, this makes it impossible to continue the conversation.

All personal data stored in the context of the establishment of contact will be erased in this case.

X. USE OF PLUGINS

USE OF MATOMO (FORMERLY PIWIK)

1. Scope of personal data processing

We use the open source software tool Matomo (formerly Piwik) on our website to analyse our users' surfing behaviour. The software places a cookie on the users' computer (for more information on cookies, see above). When individual webpages are accessed on our website, the following data are stored:

(1) Two bytes of the IP address of the user’s accessing system

(2) The accessed website

(3) The website, from which the user has accessed our website (referrer)

(4) The sub-pages accessed from the accessed website

(5) The time spent on the website

(6) The frequency with which the website is accessed

The software runs exclusively on the servers of our website, and the personal data of the user are stored only there. The data are not passed on to third parties.

The software is configured to not store full IP addresses, but instead mask 2 bytes of the IP address ("Automatically Anonymise Visitor IPs", e.g.: 192.168.xxx.xxx). This prevents us from attributing the truncated IP address to the accessing computer.

2. Legal basis for the processing of personal data

The legal basis for the processing of the personal data is Article 6 para. 1 sent. 1 lit. f GDPR.

3. Purpose of the data processing

The processing of the personal user data enables us to analyse the surfing behaviour of our users. Evaluating the resulting data enables us to compile information on the use of the individual components of our website. This helps us to continu­ously improve our website and to make it more user friendly. These purposes also constitute our legitimate interest in the processing of the data pursuant to Article 6 para. 1 lit. f GDPR. The interests of the users with regard to the protection of their personal data are sufficiently taken into account through the anonymisation of the IP address.

4. Storage period

The data are erased once they are no longer required for the purpose for which they were stored.

In our case, this is five years.

5. Objection and deletion

Cookies are stored on the computer of the user and transferred to our website. You as the user therefore have full control over the use of cookies. By changing the settings of your Internet browser, you can deactivate or limit the transfer of coo­kies. You can delete existing cookies at any time, and cookies can also be deleted automatically. If cookies are deacti­vated for our website, it will not be possible to access the further content of the website.

On our website, we use the Vimeo plugin from Vimeo Inc., 555 West 18th Street, New York, New York 10011, USA. When you visit our website, your browser will connect to the Vimeo servers in the US. Information about your visit to the website and your IP address will be forwarded to Vimeo. This occurs regardless of whether you have a Vimeo account and whether you are logged in to that account. If you are logged in, Vimeo may link the collected data to your account.

2. Legal basis for the processing of personal data

The legal basis for the processing of the personal data is Article 6 para. 1 sent. 1 lit. f GDPR.

3. Purpose of the data processing

The provision of the Vimeo plugin serves to improve the user friendliness of our website.

4. Storage period

We have no information about the duration of the storage.

5. Objection and deletion

For further information on the purpose and scope of the collection of data by Vimeo, please visit: vimeo.com/privacy

This data privacy statement was created with the support of DataGuard.

Imprint

Imprint

Assenagon Asset Management S.A., Luxembourg

Assenagon Asset Management S.A. is a company subject to Luxembourg law (Société Anonyme), headquartered in Luxembourg. It was founded on 3 July 2007 and is registered in the Luxembourg Commercial Register (Registre de Commerce) under the number R.C.S. B 129914 and approved as a management company. The company is subject to the supervision of the Commission de Surveillance du Secteur Financier (CSSF), 283, route d'Arlon, L-1150 Luxembourg. Assenagon Asset Management S.A. is a fully owned subsidiary of Assenagon S.A., Luxembourg.

The VAT identification number (numéro d'identification T.V.A.) of Assenagon Asset Management S.A. (pursuant to Article 22 (1) of the Sixth Directive 77/388/EWG of 17 May 1977 on the harmonization of the legal provisions of the Member States of the European Union regarding the value added tax) is LU22056321.

Assenagon Asset Management S.A.Munich Branch

The Munich Branch of Assenagon Asset Management S.A., Luxembourg, was founded on 4 August 2008 and is registered in the Munich Commercial Register under the number HRB 174742. The branch is subject to the supervision of the Commission de Surveillance du Secteur Financier (CSSF), 283, route d'Arlon, L-1150 Luxembourg.

Assenagon Schweiz GmbH

Assenagon Schweiz GmbH is a limited liability company based in Zurich. It was founded on 12 June 2013 and is registered in the Zurich Commercial Register under the number CH-020.4.050.175-8. Assenagon Schweiz GmbH is a 100% owned subsidiary of Assenagon S.A., Luxembourg.

Assenagon GmbH

Assenagon GmbH is a limited liability company based in Munich. It was founded on 21 May 2007 and is registered in the Munich Commercial Register under the number HRB 167086. Assenagon GmbH is a fully owned subsidiary of Assenagon S.A., Luxembourg.

Concept, design, development:

Disclaimer

The information and content on this website do not constitute a public offer or an invitation to acquire or sell securities, funds or financial instruments. Any investment decision relating to one of the products described herein should not be based on this website but only be made on the basis of respective sales documents (sales prospectus, key investor information, semi-annual or annual reports).

The products referred to on this website may not be offered in all jurisdictions and may only be purchased by those investors entitled to do so. The information and contents of this website are not addressed to any persons or legal entities whose domicile prohibits the distribution of this information. All persons and legal entities whose domiciles are subject to a foreign jurisdiction should inform themselves about and observe these restrictions.

In particular, the information on this website is not addressed to the USA. US nationals, legal entities and persons with residence in the USA may not access this website. The information on this website may not be distributed or passed on in the USA. The products referred to on this website will not be registered under the United States Securities Act of 1933 and no approval has been obtained in compliance with the US Commodities Exchange Act of 1936. The products listed on this website may not be offered or sold in the USA either to citizens, or to US residents, or to legal entities domiciled in the USA.

Legal notice

The information and contents of this website are provided for informational purposes only and entail no contractual or other obligations. They do not purport to be an offer or sale of any interest in an Assenagon-managed fund.The information and contents of this website are based on carefully selected sources that are considered reliable. However, Assenagon S.A., Luxembourg, Assenagon Asset Management S.A., Luxembourg and its branch office as well as Assenagon Schweiz GmbH and Assenagon GmbH, Munich (hereinafter collectively called the "Assenagon Group") can neither assume responsibility for, nor guarantee, among other things, the completeness, correctness, timeliness, accuracy and availability of the information, despite having compiled it with due care. This information is legally a marketing communication which does not meet all legal requirements designed to guarantee the independence of financial analyses and it is not subject to any prohibition on dealing ahead of the publication of financial analyses.

The same applies to all websites of other companies that are referred to by weblink. Their information and contents are neither authorized nor controlled by the Assenagon Group. We furthermore point out that the Assenagon Group is not responsible for these companies' data protection policies. Any liability or warranty derived from information and contents of these websites is excluded. This also applies, in particular, to prices, news or other market and stock-exchange information that is taken from third party systems onto this website.

All opinions expressed on this website are based on the assessment of the Assenagon Group at the time it was published, regardless of when you receive the information, and are subject to change at any time, based on the economic, political and legal situation, without prior notice. The Assenagon Group thus expressly reserves the right to change any opinions expressed on this website at any time and without prior notice. Any liability or warranty arising from this website is therefore completely excluded.

The information and contents of this website was examined only for compliance with Luxembourg and German law. In some jurisdictions, the dissemination of such information may be subject to legal restrictions. The preceding information is thus not intended for natural or legal persons who have their residence or registered office in a jurisdiction that restricts dissemination of information of this type. Natural or legal persons who have their residence or registered office in a foreign jurisdiction should seek information on such restrictions and observe them accordingly.

In particular, the information and contents contained on this website is not intended for citizens of the UK (except for A. information, that can be accessed after selecting the country option "United Kingdom" and subject further to the selected user profile, and B. a person in relation to whom exemptions under the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (the "Order") apply. Relevant exemptions under the Order include, but are not limited to, Article 49 of the Order (high net worth companies)). The information and contents contained on this website is also not intended for any resident of the United States or any other person deemed to be a "US person" as defined in Rule 902 of Regulation S under the US Securities Act of 1933, as amended. No US federal or state securities commission or regulatory authority has confirmed the accuracy or determined the adequacy of the information and contents of this website or any other information provided or made available to investors. Any representation to the contrary is a criminal offense.

The information and contents of this website are neither a public offer to sell nor a solicitation of an offer to buy securities, fund units or other financial instruments. An investment decision regarding any securities, fund units or other financial instruments should be made on the basis of the relevant sales documents (e.g. prospectus and key investor information, available in German from the head office of Assenagon Asset Management S.A. or at www.assenagon.com), but under no circumstances on the basis of this website. The information and contents of this website may also be unsuitable or inapplicable for certain investors. It is simply provided by the company as information for use at your own discretion and is no substitute for individual advice.

The value and return of the fund products, securities and financial services presented may decrease and increase, and in some cases investors may not receive back the full amount they invested. Past performance is no indicator of future performance. The performance of fund products is calculated using the BVI method; simulations are based on historical returns. Front loads and individual costs such as fees, commissions and other charges are not accounted for on this website, and would have a negative impact on performance were they to be included.

The Assenagon Group may have published other documents that contradict the information and contents of this website or come to other conclusions. These publications may reflect other assumptions, statements of opinion and analysis methods. Past performance is neither an indicator nor a guarantee of future performance. Future performance is neither explicitly nor implicitly guaranteed nor promised.

Contents and design of the Assenagon website are protected by copyright and may not be copied, disseminated, published, adopted or used for other purposes in any form whatsoever without the prior written approval of the Assenagon Group. Trademarks, patents and other forms of protection of other companies mentioned on this website or possibly protected by third party rights are subject without restriction to the provisions of the effective copyright law and ownership laws of the individual registered owners. By merely mentioning them does not imply that trademarks, patents and other forms of intellectual property protection are not protected by third party rights.

The tax information on this website is not intended to provide or replace binding tax advice, and does not claim to cover all tax aspects that may be relevant in connection with the acquisition, holding or sale of fund units. The information is not exhaustive, nor does it take into account the individual circumstances affecting certain investors or groups of investors. In particular, no guarantee may be given that statements on the present legal and tax situation are topical, correct and complete or that the legal and tax assessment is not changed by legislation, court decisions or by opinions or decrees of the fiscal administration. The Assenagon Group explicitly points out that such changes may also be implemented retroactively. The tax information cannot replace advice from a tax advisor based on your specific case.

Should parts or any individual wording of this liability exclusion not, no longer or not entirely conform to current law, the content and validity of the remaining parts will not be touched.

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The required personal specifications may affect which information you can view on our website. The different access restrictions are intended to ensure that you are only shown the products and information which are of relevance to you based on the respective national provisions and therefore also serve to protect you. Please therefore take care and be truthful when making the required selection and note the disclaimer and our legal notices.